Savings News
Big shift towards mood to save in January
The mood to save was much stronger in January compared to the previous month, according to Legal & General’s MoneyMood Survey.
Are the big banks targeting disillusioned customers from ING Direct?
Rachel Thrussell Head of Savings at Moneyfacts.co.uk comments: “Many consumers don’t keep an eye on the savings rate their bank or building society pays them. To an extent, institutions will rely on this apathy, hoping that people will be oblivious to the situation and will continue to leave their hard earned credit balances in an account that pays an uncompetitive rate of return.
AA passes full base rate rise to savers
The AA has responded to the Bank of England’s surprise January base rate rise by passing on the full 0.25 per cent increase to savers on all of its instant access accounts, including existing customers, as from 1st February.
Make every month a good money month
A survey by Fool.co.uk shows that for the cost of a daily sandwich we can turn every month into a good month for our personal finances.
Generation gap shows as concerns of over 50s diverge
There is a growing division between the concerns of older generations in the 50 plus population, according to new research from Abbey. Abbey surveyed the over 50's as to what they believed was currently the greatest threat to their quality of life.
Vantis: A nest egg for relatives
With house prices increasing, university costs on the rise and even the cost of marriage on the increase, Vantis, the Accountancy, Tax and Business Advisors, has provided 11 suggestions for parents and grandparents looking to maximise the amount that can be put aside as a nest egg for relatives.
Britannia launches new one-year fixed rate bond
Britannia is launching a new one-year fixed rate bond with a rate of 5.5 percent gross/AER.
UK’s good saving habits undone by lingering culture of debt
In the third quarter of 2006, the UK tucked away almost £32 billion according to new figures from Unbiased.co.uk.
Norwich & Peterborough Building Society increases fixed savings rates
Due to recent changes in money market rates, Norwich and Peterborough Building Society (N& P) is increasing the rates of interest paid on its Fixed Rate Bonds, Loyalty Bonds and Fixed Rate Mini Cash ISAs, with effect from Thursday 25th January.
Seasonal savings surge – but Brits can’t resist temptation to splurge
In the three months to December Britons saved almost double the amount put aside the previous quarter according to the latest findings from Birmingham Midshires’ Saving Britain campaign.
New Year boost for your savings resolve
By today over half of people (54 per cent) in the UK will have already broken their new year's resolutions and by the end of January the vast majority (78 per cent) will have given up completely, research by Lloyds TSB Savings has revealed.
Don’t be a mug - shop around for the best savings rates
By shopping around for the most competitive savings rates, your hard earned cash could be earning 5.35 per cent more than on the worst paying accounts according to Find.co.uk, consumer finance portal.
Spring clean your finances – double the interest earned on your savings
Those looking to knock their finances into better shape this year should explore Zopa lending - a new alternative to savings that last year paid out more than double the average deposit account, and more than the very best accounts available.
Third of Britons to make financial New Year Resolutions
The latest research conducted in the week before Christmas by 72 Point Limited on behalf of F&C Asset Management has revealed that as many as a third of Britons are set to make financially-related New Year resolutions this weekend .
Savers cash in as bonuses average 0.58 per cent
Savers are benefiting from bonuses averaging 0.58 per cent on instant access accounts as companies fight for new business, new research from MoneyExpert.com reveals.